How Sales Engagement Can Help You Improve Revenue (Complete Guide)
Connecting with prospects and turning them into customers is critical to business success.
But how can you differentiate your efforts from everyone who’s vying for attention online? Sure, you can plaster your website and social media channels with your buzzwords and value proposition. But there are thousands of competing companies doing the same.
How can you connect with prospects and reach customers in a way that makes them feel engaged? The answer is an effective sales engagement strategy.
Unlike traditional tactics, a sales engagement approach allows you to connect with your target prospects in a less noisy, more personal way. Your sales team will know exactly when to reach out and how to achieve mutual goals with their prospects. This ensures wasted time is kept to a minimum and engagement is maximized.
In this guide, we’ll define sales engagement, explain why it’s important and give you actionable steps for implementing it into your sales plan.
Let's dive in.
What is Sales Engagement?
Sales engagement is a process that encompasses all interactions between a salesperson and prospect from the first contact to finalizing the sale.
The length of time and the number of interactions between a buyer and seller can be used to measure engagement. For example, if a prospect speaks with a salesperson multiple times over weeks or months, the engagement level is higher than if they spoke only once or twice.
How Does Sales Engagement Work?
Sales engagement provides insight about the buyer's journey so that sales teams can track how messaging, content, timing, and other factors come together to shape the buyer experience.
Sales engagement process refers to converting leads into customers by engaging them with content and encouraging them down the sales funnel. This includes any activities like email campaigns, phone calls, social media outreach, and in-person meetings.
Instead of leaving it up to salespeople to determine how and when they engage with customers, sales engagement uses data-driven strategies such as predictive analytics that automatically customize the buyer journey based on a company's unique characteristics.
Sales engagement aims to build relationships with potential customers and provide them with the information they need to make a purchase decision. It also aims to identify and prioritize the most promising leads and efficiently allocate sales resources to close deals.
This strategy gives salespeople the information they need to provide buyers with relevant information and keep them moving through their buyer’s journey.
Difference Between Sales Engagement and Sales Enablement.
While sales engagement and sales enablement sounds similar, they have some key differences.
The main difference between sales engagement and sales enablement is that the former focuses on creating a personalized buyer journey for each customer, while the latter provides salespeople with tools to help them succeed.
Sales enablement programs are more common in B2B companies as they help salespeople become more knowledgeable about their products, which in turn helps them sell more effectively. On the other hand, sales engagement focuses more on connecting with customers and helping them through their buyer’s journey to make the sale.
Sales engagement uses predictive analytics to identify who will buy and when, while sales enablement focuses on helping salespeople sell more effectively through tools like sales demo software.
When combined with sales engagement, sales enablement can help you scale your sales processes so that every rep knows how to maximize every customer interaction across the buyer's journey.
Sales Engagement Process
The sales engagement process starts with defining the sales engagement plan, identifying pain points, building a quality list of leads, influencing those leads to engage in conversations about your product or service, and providing them with valuable information.
A sales engagement model is the entire framework for creating an engagement process between a company and its prospective customers. This model will vary depending on the business, but it should cover everything from identifying and qualifying leads to building relationships with those leads.
Here is the five-step sales engagement implementation process you must follow:
1. Develop a Sales Engagement Plan.
A sales engagement plan is the first step in building a sales engagement model. It lays out all the details that go into making sure that every part of your company's sales process is aligned with one another so you can deliver consistently high customer satisfaction across all channels.
A sales engagement plan typically includes the following elements:
- Identifying target customers: This includes defining the ideal customer profile and segmenting the market to reach the right people.
- Establishing goals and metrics: Setting clear and measurable objectives that align with the overall sales strategy.
- Developing a content and messaging strategy: Creating relevant and compelling content that speaks to the specific needs of the target customer.
- Outreach and communication strategy: Identifying the most effective channels for reaching potential customers and developing a plan for ongoing communication.
Also, check out: Top sales optimization strategies
2. Prospecting and researching.
This is the step where you start reaching out to potential customers. You’ll identify and contact people who could benefit from your product or service but aren’t yet aware of it. This could mean cold calling, emailing, networking—whatever it takes to get in front of these people.
Once you have identified the prospects, you will need to research about them. You’ll want to know as much as possible about their job titles, companies, interests, etc. The more information you have about the person and their company, the better you’ll be able to tailor your pitch.
3. Establishing the first contact.
Sales representatives make the first pitch after building relationships with prospects and gathering information. This can be done by phone, email, or LinkedIn message—any of which is meant to establish trust in a new client.
A cold call will rarely result in a sale, so the best salespeople focus on informing the prospect about the company via emails while qualifying them—not necessarily trying to make a sale. Then they agree on when they'll next speak (depending upon if there is any interest).
If you are using cold mail, it's a good idea to embed an interactive product tour that gives your prospect a chance to experience the product without downloading anything. This will help you qualify them because if they're not interested in what you're offering, then there's no reason for them to interact with it.
With Storylane, you can easily create and embed interactive product demos on your cold mail. This helps you monitor how your prospects interact with your demo in real-time. Based on this data, you can tailor your follow-up.
4. Lead nurturing.
Once a prospect has downloaded your demo and interacted with it, they are much more qualified than someone who just received your cold mail. At this point, you can start building a relationship with them by sending relevant content that helps them understand the value of what you're offering.
You can also use lead scoring and nurturing strategies to assign a score to every prospect based on their engagement with your content. This allows you to prioritize your time and energy by focusing on the leads more likely to convert into customers.
5. Closing the deal.
Now that you've nurtured your prospects and helped them understand the value of what you're offering, it's time to close the deal. It's important to remember that every prospect has their own unique story and needs. You need to tailor your sales approach to each, so they feel like they are getting a personalized experience.
In this stage, you must create your sales call questions, which will help you understand exactly what your prospect needs and wants. This will help you close the deal faster.
How To Increase Your Revenue Through Sales Engagement?
Although you have a clear roadmap from the customer journey, increasing your revenue through sales engagement can be challenging. Sales is a numbers game; the more prospects you reach, the higher your chances of closing a deal. However, there is no one-size-fits-all solution for increasing sales. Each business has its unique challenges and opportunities when it comes to generating leads and closing deals.
But if you want to increase your revenue through sales engagement, here are some tips:
1. Align your sales and marketing.
Aligning sales and marketing efforts can help your company close deals 67% more effectively than now. When you align sales and marketing, both departments work together to drive revenue instead of spending time on separate projects.
Now marketing team can help the sales team better understand the needs of different customers, while sales can help the marketing team promote the right products to the right people. This helps you create a more cohesive sales and marketing strategy to help close deals faster.
2. Enable your sales team.
Though sales engagement is about establishing a relationship with your prospects, delivering value quickly and effectively is equally important. This is where sales enablement comes in. Sales enablement provides your sales team with the tools, content, and knowledge they need to sell more effectively.
When your sales team is well-versed in your products and services, they can more effectively help prospects understand their value. This will enable them to close deals faster with less effort.
3. Personalize your message.
Your prospects won't be interested in a cookie-cutter, one-size-fits-all message. They want to know how your product or service can help them specifically. So if you want to reach more prospects and close more deals, it’s important to personalize your sales messaging to resonate with each prospect on an individual level.
In fact, 80% of consumers are more likely to purchase from brands that provide tailored experiences. With Storylane, you can auto-personalize your crucial sales element: Sales demo.
This removes the pressure of creating a demo for every prospect and allows you to focus on what’s most important: closing more deals.
4. Create value for prospects.
Without getting any value, your prospects won’t stick around long enough to get your pitch. The best way to build value is by providing content that addresses the needs of your prospects.
In addition, make sure your content is in line with the goals and priorities of your prospect so they can easily see how it benefits them personally or professionally.
You can even use interactive product demos to showcase the value of your product, just like Toplyne does. They embedded an interactive product demo on their website to convert website visitors into leads.
This helped them fill their pipeline with product-qualified leads and improved their overall conversion rates by 20%.
5. Optimize your efforts.
In the race to win more deals, you may lose the efficiency of your sales process. That's why it's essential to establish KPIs and measure them regularly. This will help you identify what's working and what isn't and provide insight into optimizing your efforts and improving your sales process.
Grow your bottom line with effective sales engagement.
The deciding factor of your sales engagement is the value you add to your prospects throughout your sales process. The more value you provide, the more likely they will buy from you, as they won't refuse a better solution to solve their problems.
This is why you have to use interactive product demo software like Storylane in your sales efforts. From cold emails to onboarding your customers, you can use interactive product demos to increase the value of your sales process.
Interactive product demos are designed to give your prospects an engaging and personalized experience of using your products. This will help them see why they should choose your solution over competitors.
Moreover, you can include interactive demos in the sales enablement process to help your salespeople understand your product better. This helps them handle objections and answer all product-related queries, pushing them close to the closing stage.
Q1. How do I build a sales engagement strategy?
Before you can create a strategy, you need to identify your business goals. Once you know what you're trying to achieve, it's time to create your engagement plan. The best way to do this is by using a goal-specific framework that will help you determine what needs to be done and when it should be completed.
Q2. Why is engagement important in sales?
Sales engagement is important because it helps you build relationships with your customers, which in turn increases your chances of making a sale. The more connected you are with your customers, the more likely they are to buy from you and refer their friends and colleagues.
Q3. How can you use sales engagement to increase your sales?
The best way to build an effective engagement plan is by using a goal-specific framework. This will help you determine what needs to be done and when it should be completed. It's important to set clear goals that are measurable, specific, and time-bound so that you can measure how successful your efforts were.
Storylane helps you with all the tools you need to build and share the perfect interactive demo in minutes.
Want to know more about how you can boost your sales? Schedule a free demo, and we will show you how to leverage interactive demos to your favor.
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